Givaudan

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Givaudan SA

logo
legal form Corporation
ISIN CH0010645932
founding 1895
Seat Vernier GE SwitzerlandSwitzerlandSwitzerland 
management Gilles Andrier
(Chief Executive Officer )
Calvin Grieder
( Chairman of the Board of Directors )
Number of employees 13,598
sales 5.5 billion CHF (2018)
Branch Fragrances and flavors
Website www.givaudan.com
As of December 31, 2018

The Givaudan SA , based in Vernier , Switzerland , the world's largest producer of is flavors and fragrances . The company, which is listed on the SIX Swiss Exchange , has subsidiaries, is represented at over 145 locations and employs almost 13,600 people worldwide. Givaudan had sales of 5.5 billion Swiss francs in 2018.

Field of activity

The company's fragrances and flavors are developed for food and beverage manufacturers and are also used in household items, as well as in shave and personal care products and perfumes. These are usually commissioned work, which is then sold with the inclusion of a non-disclosure agreement. Givaudan uses ScentTrek, a technique that captures the chemical makeup of the smells of living plants. The company has locations in Europe, Africa and the Middle East, North America, Latin America and the Asia-Pacific region. In 2018, Givaudan had sales of CHF 5.5 billion with a total market share of 25%. In terms of market capitalization, it is one of the 30 largest listed companies in Switzerland.

The company supplies cosmetics and food manufacturers such as Procter & Gamble , Unilever and Colgate with flavors, fragrances and perfumes for the Estée Lauder Companies , L'Oréal and Yves Saint Laurent . Well-known perfumes include Cacharel “Eau de Eden”, Cacharel “LouLou” (1987), Calvin Klein “Obsession”, Cartier “So Pretty” (1995), Celine Dion “Pour Femme” (2000), Hermès “Concentre d ' Orange Vert ”(2004), Montana“ Parfum de Peau ”(1986), Nina Ricci “ Deci Dela ”, Nina Ricci“ Les Belles ”and Trussardi “ Donna ”and Paco Rabanne “ One Million ”(2009). Givaudan's biggest competitors are International Flavors & Fragrances , Firmenich and Symrise .

history

Company location in Vernier (around 1930)

Givaudan was founded in Zurich in 1895 by Léon and Xavier Givaudan . In 1898 the company moved to Geneva and set up a factory in Vernier. The Givaudan Group can be traced back to the year 1796, when the company Dodge & Olcott Inc. was founded in the USA by taking into account the acquisitions and mergers of companies. In 1946, Givaudan opened a perfume school that trained a third of the world's perfumers. In 1948, Esrolko SA took over, giving Givaudan a foothold in the flavor industry. 1963 Givaudan was acquired by Roche and in 1964 Roche acquired Roure, a competitor of Givaudan. Roure was founded in Grasse, France in 1820. In 1937 Roure developed the first designer perfume: Schocking for Schiaparelli. Givaudan's first US fragrance headquarters, in Teaneck, New Jersey, was built in 1972 to a design by Der Scutt, the architect of the Trump Tower . The company later moved to East Hanover, NJ .

World market shares for flavors and fragrances 2015

Givaudan Roure

In 1991 Givaudan and Roure were merged to form Givaudan-Roure. The company also bought Fritzsche, Dodge and Olcott in 1991. In 1997, Givaudan-Roure took over another flavor maker, Tastemaker, based in Cincinnati (USA). The merger made Givaudan the largest producer of flavors in the world. In 2000, Givaudan-Roure was spun off from its parent company Givaudan and listed on the Swiss stock market, where it is part of the SLI.

2000s

In 2002, Givaudan took over FIS, the flavors division of Nestlé , for which Nestlé received a 10% stake. The following year Givaudan bought cheese flavor maker IBF. The purchase also included the Maggi site in Kemptthal . In 2004 the company expanded its operations in China, where it has been active since the 1990s.

On November 22, 2006, the company announced the acquisition of Quest International, which should be completed in the first quarter of 2007. On February 21, 2007, the EU cleared the merger of Givaudan and Quest, removing the last regulatory hurdle for the merger after the United States authorities approved the merger earlier this month. The merger agreement was signed on March 2, 2007. The acquisition makes Givaudan a global leader in both luxury perfumery and consumer products. It was already the world leader in flavors and the acquisition of Quest International helped it build on its position. The acquisition of Quest boosted Givaudan's sales by 42%, from CHF 2,909 million to CHF 4,132 million in 2007. On September 19, 2011, Givaudan was re-listed in the Swiss Market Index (SMI).

In 2013 Nestlé sold its stake in Givaudan for $ 1.3 billion. In 2014, the company had revenues of approximately $ 4.6 billion. That year, the company made its first acquisition since Quest with the purchase of Soliance. Givaudan also needed the TasteSolutions Richness range of flavors to market. The Givaudan Foundation was also established and a program called the Innovative Naturals Program was launched, which works with Patchouli and other producer networks to promote sustainable development practices.

In mid-July 2017, Givaudan announced the takeover of the Dutch company Vika, thereby strengthening the flavor segment. Vika has a workforce of 200 people and a turnover of € 64 million.

Ownership

At the end of the calendar year, the following shareholders held a stake in excess of the 3 percent threshold set out in the Swiss Stock Exchange Act :

shareholder 2008 2010 2013 2018
Chase Nominees Ltd 7.43% 8.52% 10.58% 6.36%
Nortrust Nominees Ltd 5.04% 4.04% 14.95% 15.04%
MFS Investment Management - 9.75% - 5.04%
Blackrock Inc. - 3.02% 5.46% 5.02%
Bill Gates - - 10.29% 13.86%
Messieurs Pictet & Cie - - - 4.54%

Givaudan and the environment

On July 10, 1976, the Seveso accident , the worst environmental disaster in Italian history, released a poisonous cloud. Italy's highest court recognized the immaterial damage caused to residents by fears. Givaudan, the parent company of ICMESA , paid EUR 103.9 million (US $ 90.3 million) in cleanup costs and compensation for those who were physically harmed by the accident.

In the 2000s, Givaudan teamed up with local communities in Guam , where the local rubber harvest is the export business. The cooperation promotes sustainability efforts in the benzoin trade . These efforts also led to the construction of two secondary schools to institutionalize formal education for the children of the region. There is also cooperation with local communities to protect the forest.

Web links

Individual evidence

  1. ↑ Entry in the commercial register ( Memento of June 10, 2008 in the Internet Archive )
  2. ↑ a b 2018 integrated annual report - Givaudan .
  3. ↑ Raffi Katchadourian: The Taste Makers . In: Condé Nast (ed.): The New Yorker . No. 23 November, 2009, pp. 86-99.
  4. ^ The Ecotourism-Extraction Nexus . In: google.ca .
  5. ↑ Givaudan Annual Report 2013
  6. ↑ Wolfgang Legrum: Fragrances, between stench and fragrance: Occurrence, properties and use of fragrances and their mixtures . Springer-Verlag, 2015, p. 209 ( limited preview in Google Book Search [accessed April 22, 2015]).
  7. ↑ Leading Sensory Innovation . tape 104 . Chemical Engineering Progress, 2008, p. 77 ( limited preview in Google Book Search [accessed April 22, 2015]).
  8. ^ Thom Votteler: International Directory of Company Histories . No. 43 . St. James Press, 2001, pp. 192 ( limited preview in Google Book Search [accessed April 22, 2015]).
  9. ↑ a b c d Chris Rowley, Jayantee Saha, and David Ang: Succeed or Sink: Business Sustainability Under Globalization . Elsevier, 2011, p. 72 ( limited preview in Google Book Search [accessed April 22, 2015]).
  10. ↑ Bruno Ziglioli: La mina vagante. Il disastro di Seveso e la solidarietà nazionale . FrancoAngeli, 2010, p. 169 (Italian, limited preview in Google Book Search [accessed April 22, 2015]).
  11. ^ New Perfume Handbook . In: google.ca .
  12. ↑ Lisa Chadderdon: The Sweet Smell of Success: A building in Teaneck . In: Fast Company (magazine) . March 1998 ( fastcompany.com [accessed on August 22, 2007]): “New Jersey is the source of some of the world's most popular fragrances. Meet Givaudan Roure's perfumers, the 'ghostwriters' behind your favorite scents "
  13. ^ Howard Prosnitz: Major Teaneck ratable remains vacant . North Jersey Record. November 26, 2009. Retrieved April 22, 2015.
  14. ^ Flavor & Fragrance Industry Leaders
  15. ^ A b David Rowe: Chemistry and Technology of Flavors and Fragrances . John Wiley & Sons, 2009, p. 4 ( limited preview in Google Book Search [accessed April 22, 2015]).
  16. ^ Nestlé drops Givaudan from balance sheet . Swiss Info. December 6, 2013. Retrieved April 22, 2015.
  17. ^ A b John Revill: Nestlé to Sell Its 10% Stake in Givaudan , Wall Street Journal. December 6, 2013. Retrieved April 22, 2015. 
  18. ^ André Müller: Maggi-Areal in Kemptthal: The Valley is slowly taking shape. In: nzz.ch . August 15, 2019, accessed January 5, 2020 .
  19. ^ Givaudan Smells Opportunity in China . Chemical & Engineering News. November 10, 2004. Retrieved April 23, 2015.
  20. ↑ Givaudan - engage your senses . In: givaudan.com . Archived from the original on September 27, 2007. Info: The archive link was inserted automatically and has not yet been checked. Please check the original and archive link according to the instructions and then remove this notice. @1@ 2Template: Webachiv / IABot / www.givaudan.com
  21. ↑ CNBC Interview with CEO Gilles Andrier on Quest acquisition
  22. ↑ EU approval for merger .
  23. ↑ Quest acquisition closure ( Memento of the original from September 27, 2007 in the Internet Archive ) Info: The archive link was inserted automatically and has not yet been checked. Please check the original and archive link according to the instructions and then remove this notice. . @1@ 2Template: Webachiv / IABot / www.givaudan.com
  24. ↑ Corporate publications . In: givaudan.com .
  25. ↑ Givaudan replaces Lonza in the SMI in: Tages-Anzeiger of July 8, 2011.
  26. ↑ The Sweet Smell of the Bronx . In: NY City Lens .
  27. ↑ Givaudan buys France's Soliance in first acquisition since 2007 . In: Reuters .
  28. ↑ Givaudan breaks down flavor components for 'home-cooked' taste . In: FoodNavigator.com .
  29. ^ Givaudan launches charitable foundation . In: CosmeticsDesign-Europe.com .
  30. ^ John Revill: Givaudan Scents Tough Conditions Continuing in 2015 , Wall Street Journal. January 29, 2015. Accessed April 23, 2015. 
  31. ↑ Givaudan furthers patchouli collection network . In: CosmeticsDesign.com USA .
  32. ↑ Neue Zürcher Zeitung of July 12, 2017
  33. ↑ Annual Report 2010: Group structure
  34. ↑ Shares and shareholders
  35. ^ Financial Report. Givaudan, December 31, 2018, accessed July 25, 2019 .
  36. ^ Victims of toxic cloud over Seveso entitled to "moral damages," claims could reach tens of millions of euros. (No longer available online.) In: highbeam.com. Archived from the original on November 4, 2012 ; accessed on May 26, 2016 (English). Info: The archive link was inserted automatically and has not yet been checked. Please check the original and archive link according to the instructions and then remove this notice. @1@ 2Template: Webachiv / IABot / www.highbeam.com
  37. ↑ Amarjit Sahota: Sustainability: How the Cosmetics Industry is Greening Up . John Wiley & Sons, 2014, pp. 94–95 ( limited preview in Google Book Search [accessed April 23, 2015]).